⸺ Obituary · September 16, 2016 ⸺
“Cryptocurrencies Are Dead”
— Medium
Price at death
$606
Today
$67,440
Resurrection
×111
On 2016-09-16, Medium declared Bitcoin dead. Bitcoin was trading at ~$606 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on September 16, 2016, when one Bitcoin traded for approximately $606. Since then, Bitcoin has appreciated by 111× relative to the price on the day Medium pronounced it finished.